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How to Find Your Dream Home in When Inventory is Low

You've heard the rumors; "it's a Seller's Market."

Well, if you are actively searching for a new home, you know that it's try. The low inventory of homes for sale has made things difficult for buyers. There just aren't many homes for sales out there and when a nice listing does come to market, it's met with multiple offers... often with offer prices over asking.

If you are a buyer in this market, you might feel overwhelmed; but remember that with a solid strategy, you can still find your dream home, even when inventory is low. The highest offer price in the world is worthless if the transaction doesn't close.

Here are a few tips for buyers looking in tight market:

Talk to a lender before you shop so you're prepared.

Be prepared to pull the trigger, don't dawdle!

Write a competitive offer.

Keep contingencies to a minimum.

Write a clean offer. Make it easy for the sellers to just say yes.

When inventory is low, it's easy to feel like the best homes are already gone, but by working with your agent, you can put yourself in the best position to have your offer accepted.

*Data is reflective of residential sales for volume and units closed for all individual offices in the 18 Fox Cities communities as defined by the Fox Cities Chamber of Commerce.
** Data represented reflects CENTURY 21 statistics for units closed as reported to its member offices and is for all real estate transactions, reported by CENTURY 21. Analysis dates are January 1, 2017 thru December 31, 2017. Data does not reflect all activity in the marketplace. Per Century 21 Corporate #211054